Student Loan Repayment Calculator UK
Calculate how much you repay on your UK student loan each month based on your salary and loan plan. Uses 2026/27 repayment thresholds for Plan 1, Plan 2, Plan 4, Plan 5 and postgraduate loans.
Calculator
What this means
UK student loans are repaid through PAYE when you earn above your plan's threshold. You pay a percentage of earnings above that threshold — 9% for undergraduate plans and 6% for postgraduate loans. Repayments stop if your salary drops below the threshold.
How to use this calculator
- Enter your annual salary.
- Select your student loan plan (Plan 1, 2, 4, 5 or Postgraduate).
- See how much you repay each year and month based on income above the threshold.
Worked example
You're on Plan 2 earning £32,000 a year.
- You repay 9% of income above the Plan 2 threshold.
- Only earnings over the threshold count — not your whole salary.
Your repayment is a percentage of the amount above the threshold, deducted automatically through PAYE.
Who this is for
- Graduates checking what comes out of their pay.
- People deciding whether to make voluntary overpayments.
- Anyone comparing job offers where a student loan changes take-home.
How student loan repayments work
You only repay when your income is above the threshold for your plan, and you pay a percentage of the amount above it — not of your whole salary. Repayments stop automatically if your income drops below the threshold.
Different plans have different thresholds and write-off rules. Postgraduate loans are repaid at 6% and run alongside an undergraduate plan, so some people repay both at once.
Frequently asked questions
Check your payslip, P60 or Student Finance account. Plan 2 is common for English undergraduates who started from 2012. Plan 5 applies to courses starting from 2023. Scottish students may be on Plan 4.
Repayments begin the April after you finish or leave your course, but only once your income exceeds your plan's threshold.
No. This calculator estimates your repayment amount only. Interest accrues separately on the outstanding balance.
It depends on when and where you studied. England undergraduates who started from 2023 are usually Plan 5; 2012–2022 are Plan 2; Scotland and Northern Ireland often use Plan 1 or 4. Check your online student loan account.
Often not, because the loan is written off after a set period and repayments are income-based. For many graduates, overpaying only helps if you're likely to clear the full balance before write-off. Consider advice first.
Disclaimer
This calculator provides estimates for guidance only. It is not financial, legal or tax advice. Always check official sources or speak to a qualified professional before making decisions.
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